While it currently maintains its spot as the world’s fifth most active for international payments, its share of this market has still shown a decrease.

The Chinese yuan is the most recent to join the basket that forms the International Monetary Fund’s (IMF) Special Drawing Rights (SDR), it’s international reach has actually fallen in the past two years.
While it currently ma...

The People's Bank of China (PBC) introduces a new policy and extended hours of operation.

The People's Bank of China (PBC) has recently reported the demand to improve their levels of effectiveness for international payments by extending the operating hours to clear higher cost transactions overnight.
According to news from Reuters on...

Here's what the new currency swap agreement between Canada and South Korea means.

On November 15, 2017 the Bank of Canada and the Bank of Korea signed a bilateral liquidity swap agreement. This agreement is set to be effective immediately, and will benefit both Canada and Korea should the need arise.
What Is a Currency Swa...

Introduction of the Chinese yuan into the SDR is the first currency addition since 1999.

While the yuan is the most recent to join the basket that forms the IMF’s Special Drawing Rights (SDR), this basket has been around since 1969. The five major currencies that make up the SDR basket are the following:
US dollar -...

China remains on the U.S. Treasury’s monitoring list, along with other countries.

The U.S. Treasury has chosen not to label China as a currency manipulator. The debate over China’s status as a currency manipulator has been ongoing as a variety of China’s actions draw attention from the Treasury Department.
While the depart...

In contrast to its debt buildup, China is looking to instill confidence in its economy. Increasing the value of the yuan against the dollar and intervening in the offshore market are just a couple of the beginning efforts the central bank has...

These are the golden rules corporations must consider as a guideline for their international payments to China.

International payments are necessary for corporations to make their payments abroad, but having certain mistakes along the way can ultimately end up costing you a lot of money, time and resources.
As many might know, China is one of the m...

Currency Exchange International is excited to celebrate the Chinese New Year. We're participating in the annual Red Envelope giveaway at our Citadel Outlets location. At our other locations we're participating in an exclusive promotio...

This 700 year old banknote is a unique hidden gem that was found while inspecting a 14th century Buddhist sculpture. The head of Asian art, Ray Tregaskis found it at an auction house in Australia.
It was discovered on the inside of the sc...

Blue Star Line, an Australian company has a vision to create a replica of Titanic.

Photo: Flickr/Roderick Eime
The all new Titanic II is set to sail in 2018. Blue Star Line, an Australian company owned by Clive Palmer has a vision to create a replica of Titanic.
While many might raise eyebrows in disbelief and question w...

Join us at Citadel Outlets to pick up your Chinese yuan gift before February 8!

The Citadel Outlets has announced it will be celebrating the year of the monkey with their annual Chinese New Year event which will take place this Saturday, February 6 from 12 pm - 3 pm.
CXI has decided to partner with Citadel Outlets by incl...

The International Monetary Fund's decision marks an important milestone in China’s global financial integration.

The Chinese yuan was approved as one of the world’s exclusive currencies on Monday, a milestone decision by the International Monetary Fund that highlights the country’s rising financial and economic weight.
For the first time in over 15 years...

IMF staff determines the yuan meets the requirements to be a freely usable currency.

On Friday, the International Monetary Fund announced policymakers are expected to decide this month whether to add China's yuan to the fund's benchmark currency basket for inclusion in the Special Drawing Rights (SDR) basket.
This would mark a...

The United States and China have partnered to declared 2016 as the year for tourism.

2016 has been declared the Year of Tourism! The United States and China are strengthening the bond between the two countries by partnering together to promote travel within our lands. What does this mean for Americans?
Check out our guid...

Three months after a surprise devaluation central rates were raised for the yuan.

China on Monday raised the daily reference rate for its yuan currency by the largest margin in a decade, officials and reports said, just three months after a surprise devaluation sent shockwaves through global markets.
The central People's Ba...

China's president Xi Jinping makes first visit to U.K. and plans on building deeper economic ties.

London already has 40 percent of global foreign exchange trading and wants to build on its dominant position by grabbing a major share of offshore renminbi trading.
London's prowess in foreign-exchange trading has been a frequent theme in the ...

Facebook: Norwegian Air CEO Announced $69 Flights From U.S. To Europe
Norwegian Air Shuttle ASA has high hopes to sell one way tickets to Europe for $69 as early as 2017 by flying from U.S. airports that have low fees, Chief Executive Officer ...

The International Monetary Fund is creeping closer to including China's yuan in an elite basket of reserve currencies, with the US and other major shareholders likely to back the move unless IMF staff make a surprise recommendation against i...

These banks are indicating early warning signs for most vulnerable to banking strains.

Credit growth in China, Brazil and Turkey doesn't only risk pushing a hangover in bad debt, it also signals a banking crisis is on the horizon, according to the Bank for International Settlements.
"Early warning indicators of ban...

Facebook: 10 Incredible Travel Destinations That Will Give You Serious Wanderlust
Attention travelers! We have put together an infograph and listed the top ten landmarks that make the ultimate travel list from Lonely Planet.
For your trave...

The Chinese Yuan devaluation is shocking. Check out which foreign currencies are being hit hardest.

We all know the current emotion that is driving the market is extreme fear. And most of it is due to the domino effect of the Chinese Yuan devaluation.
But what about all of the other foreign currencies? Let’s take a closer look at ...

Here are the five things you need to know about what is now being called ‘Black Monday.’
1. China sees more losses than ever before. Traders were hoping Chinese authorities would step in over the weekend to support the markets...

Facebook: Why Adventurous Couples Who Travel Together Stay Together
Ernest Hemingway once said, "Never go on trips with anyone you do not love.”
There are actually lots of globetrotting couples out there who share the same thirst for adven...

Worries on China's economy are sending shock waves. Here is what you need to know about the yuan.

Concerns about China's economy sent shock waves across global markets on Wednesday, shocking currency markets and crushing stocks.
The turbulence came as China devalued its currency for a second straight day, after the Chinese central...